Property profile

226 Fort Mckavitt St Mason, TX 76856

FOR SALE
Commercial real estate
Property ID
US83-0173166
2,610 SF 0.15 ac lot Built 1928
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional property, located in the heart of Mason, Texas' historic Courthouse Square, presents a rare opportunity to own a piece of Texas history. Originally constructed in 1895, this meticulously restored complex boasts over 11,442 square feet and encompasses two buildings. The western building, once a saloon and later a beloved general store, now houses an eight-room boutique hotel, each room featuring a private bathroom, Victorian woodwork, oak flooring, and pressed tin ceilings. The adjacent eastern building, formerly home to the Mason County Bank, offers significant expansion potential. This space could be developed into additional hotel rooms, retail spaces, or commercial ventures such as wine tasting rooms. Adding to the property's unique appeal is a spacious, one-bedroom, one-and-a-half-bathroom residence located on the second floor of the east building. This residence could serve as owner's quarters or be incorporated into the hotel's offerings. The entire property has been lovingly restored, preserving its historic charm while incorporating modern amenities. This turnkey operation is priced at $2,450,000 and presents a compelling investment opportunity for those seeking a unique blend of history, hospitality, and commercial potential in a thriving Texas town. The property sits on a 0-acre lot.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1928
Total area 2,610 SF
Lot 0.15 ac (6,403 SF)
APN 02801-99-08060
UPID US83-0173166

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bed & Breakfast Restaurant

Location

226 Fort Mckavitt St Mason, TX 76856
Mason metro Census 950100
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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